He earns $850pm, got wife, 2 kids and one new HDB flat! Who says cannot?

[halsey02]

machiam monopoly......a game the whole family can play!

Cannot pay, whole family gets goreng!..but what, what is the race again?

 

[zeddy]

The Shit Times
only hear the good stuff

 

[ginfreely]

cost of flat = 99 K
gahmen subsidy = 40K
m&d & his wife got 40K CPF to be used for payment before HDB will loan you the rest.
So balance 19K.
Pay 83 a month for 30 years - 29,340
you can imagine the 10K is interest to HDB.

So it is not true $850 per month income can pay for the flat but rather needed two persons' $40k CPF - his and his wife - to be used for payment. It is not one person earning $850 but the wife must have earned an income last time to have made up the $40k CPF, without which he would not be able to afford the higher instalment required.

It is cheating to say that $850 can afford the flat, they should say instead that $850 can afford $20k housing loan on 30 years mortgage, not afford a HDB flat.

 

[drifter]

machiam monopoly......a game the whole family can play!

i think they are playing risk board game

 

[Sadako]

Congrats. Daily/Monthly/family expenses not included.

 

[chuckyworld]

machiam monopoly......a game the whole family can play!

Not everyone make 4 or 5 figure pay, he is happy to have a new house for his family, malay are simple they get by with what they have and feel happy.

The govt control media is working overtime to bring out such wonderful news for the 66% who voted for them.....

 

[Unrepented]

Your analytical approach is correct but calculation is wrong. Just for the fun of calculating the accumulated CPF;

CPF sgd40K= 20% employer and assuming ave 16% employee

Assuming started work at 20yrs of age and never relag one corner.

He would have earned a total income to date sgd111,111.00 (not inclusive of employee CPF)

Ave salary per month for 13yrs = sgd712.00 (Wah!!!! still got sgd138.00 to spare, so rich:p)

Employer contribution for 13yrs = sgd(111,111*0.2) = sgd22,222.00

Employee contribution for 13yrs = sgd(111,111*0.16) = sgd17,777.00

Total sgd40,000.00

But if this world is so swee swee:(

Why such a pathetic existence

So it is not true $850 per month income can pay for the flat but rather needed two persons' $40k CPF - his and his wife - to be used for payment. It is not one person earning $850 but the wife must have earned an income last time to have made up the $40k CPF, without which he would not be able to afford the higher instalment required.

It is cheating to say that $850 can afford the flat, they should say instead that $850 can afford $20k housing loan on 30 years mortgage, not afford a HDB flat.

 

[zhihau]

first-time buyers.

boss,
or any mods for this matter, can help to merge the threads on this topic, me getting confused having to track 2 threads in this section & the other thread in the political section

1000 bucks, the Math
http://singsupplies.com/showthread.php?111363-1000-Flat-The-Math

save 150
http://singsupplies.com/showthread.php?111802-Its-official-you-still-can-save-150-00

 

[ChaoPappyPoodle]

After paying for the over priced 2-room, this fucktard better hope that not one of his family members falls ill. Even a visit to the clinic for checks and medication will seem like an insurmountable task.

It also looks like he will have to build his own furnishings or look forward to picking up discarded ones from the neighbourhood. As his kids grow, their financial burdens will increase. This fucktard will necessarily rely on welfare to survive. And all this because the PAP wants to earn a profit from public housing. If HDB flats were priced at cost, this man could have likely lived a decent life. Thanks to the greed of the PAPpies, this man and his family are destined to the welfare line.

It's a common tactic where you create a problem and then provide a half-assed solution while being backed by propaganda to make yourself look good. Only bastards of the worse kind will act in such a way. :oIo:

 

[halsey02]

After paying for the over priced 2-room, this fucktard better hope that not one of his family members falls ill. Even a visit to the clinic for checks and medication will seem like an insurmountable task.

It also looks like he will have to build his own furnishings or look forward to picking up discarded ones from the neighbourhood. As his kids grow, their financial burdens will increase. This fucktard will necessarily rely on welfare to survive. And all this because the PAP wants to earn a profit from public housing. If HDB flats were priced at cost, this man could have likely lived a decent life. Thanks to the greed of the PAPpies, this man and his family are destined to the welfare line.

It's a common tactic where you create a problem and then provide a half-assed solution while being backed by propaganda to make yourself look good. Only bastards of the worse kind will act in such a way. :oIo:

They are planning an all inclusive society, which inlcudes, writ of summons, red letter reminders, a visit to the 'chalet', etc for these people. If we can believe all their bullshits, we will even say bullshits smell like au de toliet Channel No.5, that is what the 60% have been sniffing all the time, au de bullshit!.:p

 

[kingrant]

The 2-room flat was $100K in 2009. What deos a 2 room unit cost today?

 

[Narong Wongwan]

The 2-room flat was $100K in 2009. What deos a 2 room unit cost today?

What's the size of a 2-rm nowadays?
Really a pigeonhole

 

[groober2011]

Simple maths as many members here have posted will confirmed it is nigh impossible for a couple with a child or 2 to live on $850.00 a month. They will need added income by way of financial assistance or do a 2nd job. After taking out the amount needed for utilities and conservancy charges, there will be little left for them. The Shit Times writes rubbish expecting us to believe in this fairy tale.

 

[ginfreely]

Your analytical approach is correct but calculation is wrong. Just for the fun of calculating the accumulated CPF;

CPF sgd40K= 20% employer and assuming ave 16% employee

Assuming started work at 20yrs of age and never relag one corner.

He would have earned a total income to date sgd111,111.00 (not inclusive of employee CPF)

Ave salary per month for 13yrs = sgd712.00 (Wah!!!! still got sgd138.00 to spare, so rich:p)

Employer contribution for 13yrs = sgd(111,111*0.2) = sgd22,222.00

Employee contribution for 13yrs = sgd(111,111*0.16) = sgd17,777.00

Total sgd40,000.00

But if this world is so swee swee:(

Why such a pathetic existence

Not all the CPF contribution can be used for housing, think only 2/3 go into ordinary account. So the guy must be earning higher income last time than $850 or some from wife's CPF.

 

[halsey02]

Simple maths as many members here have posted will confirmed it is nigh impossible for a couple with a child or 2 to live on $850.00 a month. They will need added income by way of financial assistance or do a 2nd job. After taking out the amount needed for utilities and conservancy charges, there will be little left for them. The Shit Times writes rubbish expecting us to believe in this fairy tale.

The Shit Times, are the Grim Sisters, you digest too much of what they output, you may become retarded!

 

[toolanliao]

i think mohd charlie getting desperate lah, so don't want to wait anymore. i have a friend who is waiting since years back for a 4-room flat because he thought it was too high. from 250k till now 450k. finally gave up and bought a resale flat paying 80k cov.

easiest way to clean up you cpf is to inflate housing price. 99 yrs and all you cpf is belongs to me.

 

[halsey02]

What's the size of a 2-rm nowadays?
Really a pigeonhole

2 rooms does it mean that it has two bed rooms, one common toilet, kitchen & a hall, or just one bed room? If one bed room, the children must be sleeping double deck or in the hall.:p

 

[Bigfuck]

2 rooms does it mean that it has two bed rooms, one common toilet, kitchen & a hall, or just one bed room? If one bed room, the children must be sleeping double deck or in the hall.:p

Wah Lao, look at CSJ! ST can also use him for a spin! In Singapore you can be a bankrupt, have 3 kids and drive them in car and still talk politics. Man, Singapore is a great country.Some more live in a 3 room flat. I tell you Singapore is a welfare state man!

 

[greedy and cunning]

He has not moved in and has not faced the pain of paying for a 99-year over-priced box meant to enrich the PAPpies and their cronies. The headline is misleading. Let's see this fucktard in 10 year's time and how he is doing when his kids are older.

when he receive the pub bill , conservancy bill and property tax he won't not be so happy.

 

[greedy and cunning]

So it is not true $850 per month income can pay for the flat but rather needed two persons' $40k CPF - his and his wife - to be used for payment. It is not one person earning $850 but the wife must have earned an income last time to have made up the $40k CPF, without which he would not be able to afford the higher instalment required.

It is cheating to say that $850 can afford the flat, they should say instead that $850 can afford $20k housing loan on 30 years mortgage, not afford a HDB flat.

you mean he bet his cpf and 30 years of monthly payments against 40K and he lose ? :*::*::*::*::*::*::*::*: